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Find out the average annual return

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Chris invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.85 percent in 2012, 31.15 percent in 2013, 13.35 percent in 2014, and 1.50 percent in 2015. What was the average annual return that Chris earned over the 2012-2015 period. (Round answer to 2 decimal places, e.g. 1.52.)

Reference no: EM132899159

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